1. What qualifies someone as an accredited investor? Make sure to differentiate between entities and individuals and include all pertinent information about both.

2. Rule 505 allows private companies to offer shares of stock to an unlimited number of accredited and non-accredited investors as long as the total amount received is less than $5 million.

True

False

3. In a Section 4(a)(2) offering, it is permissible to solicit investors through public means such as social media.

True

False